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FameEX Hot Topics | Ethereum's Shanghai Upgrade Scheduled for a Specific Date

2023-03-17 11:35:30

Ethereum Mainnet's Shanghai and Capella Upgrade to Take Place on April 12th.The Ethereum community received some exciting news on March 16th when core developer Tim Beiko announced on Twitter that the long-awaited Shanghai and Capella upgrade on the Ethereum mainnet is set to take place on April 12th at 10:27:35 PM UTC. The upgrade, which was initially planned for March, will introduce significant improvements to the network, marking another milestone in Ethereum's roadmap towards transitioning from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism.

The Ethereum community eagerly awaits this upgrade, as it brings several enhancements, including the implementation of staked Ethereum withdrawals. This update will enable users to withdraw their staked ETH on the Ethereum 2.0 network and convert it into tradable ETH on the Ethereum mainnet, thereby increasing liquidity and accessibility for Ethereum stakers.Despite the slight delay in the upgrade's original target date, the announcement of the new date has brought much-needed clarity and has given developers and users ample time to prepare for the upcoming changes. With the new date now confirmed, the Ethereum community can look forward to the Shanghai and Capella upgrade with renewed confidence and anticipation.

Overall, this upgrade marks another significant milestone in Ethereum's journey towards becoming a fully decentralized, scalable, and secure blockchain network, and the Ethereum community is excited to see the benefits it will bring.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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